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providing workplace pensions to eligible staff.

paying for their National Insurance - but you can claim an allowance to reduce your bill.

You’ll have more responsibilities, including: There are things you’ll need to do if you take on your own employees. If you take on agency workers or freelancers you have some responsibilities, for example their health and safety. Small businesses can apply for a discount on business rates and some may pay nothing.Ĭheck if you can claim office, property and equipment as expenses. If you rent or buy a property, you may have to pay business rates.

rent somewhere to run your business from.

buy goods from abroad or sell goods abroadĬheck what your responsibilities are if you:.

There are also rules you must follow if you: licences or permits, for example to play music, sell food or to trade in the street.You may have other responsibilities depending on what your business does. Find out more about being in a partnership and how to register. You also have accounting responsibilities. You share responsibility for your business’s debts. PartnershipsĪ partnership is the simplest way for 2 or more people to run a business together. Some people get help from a professional, for example an accountant, but you can set up a company yourself.

If you form a limited company, its finances are separate from your personal finances, but there are more reporting and management responsibilities. You also have some accounting responsibilities.įind out more about being a sole trader and how to register. It’s simpler to set up as a sole trader, but you’re personally responsible for your business’s debts. Most businesses register as a sole trader, limited company or partnership. What you need to do to set up depends on your type of business, where you work and whether you take people on to help.

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